Finance Business Partner (Manufacturing SBU)

from 15 to 23 year(s) of Experience
₹ 20,00,000 - 30,00,000 P.A.

Job Description

Roles and Responsibilities

1. Prepare manufacturing SBU’s annual P&L budget for the core business of the company in ERP.
2. Monitor monthly Cost of Goods Sold (COGS) & analyse Gross Margin (GM) ratios.
3. Analyse resource/factory overhead absorption rate (under-utilisation/ over-utilisation), idle capacity, etc.
4. Generate monthly valuation of inventories from EBS and analyse slow moving inventory & propose strategy for liquidating the same to the top management.
5. Preparation of manufacturing SBU’s monthly P&L & Balance Sheet after closing all the modules in ERP.
6. Carry out variance analysis of Manufacturing SBU P&L vis--vis budget based on systems output.
7. Evaluate the MRP/BPA processes related to procurement & manufacturing in ERP and suggest improvements, if any.
8. Ensure that cost of materials is updated for existing/new items across inventory organization and that cost of FGs is periodically rolled up.
9. Monitor open POs/open standard job orders and initiate action for its closure periodically/monthly, respectively.
10. Ensure that R&D update – ECR and MCR in Bill of Material is done only after the existing inventory is fully consumed at plant locations.
11. Identify under-utilisation of labour resources, if any, on monthly basis, as the BOM contains resource cost at a pre-defined rate. The monthly production will help to know whether these resources are being used at 100% efficiency or not. Propose corrective action to SBU head.
12. Identify over-utilisation of material resources, if any, on monthly basis, as the BOM contains material consumption on a pre-defined basis. In the event of excess consumption the same needs to be brought to the attention of top management. This may be due to poor QC or poor quality of material procured from vendors. Propose corrective action to SBU head.
13. Quantify impact of Kaizen on production efficiencies, tangible or intangible.
14. Provide support to procurement & supply chain partners for business decisions and budgetary control.
15. Facilitate IT/ERP implementation or process enhancement/automation projects for SBU.
16. Carry out quarterly reconciliation of purchases with GST input credit data to ensure full availment of input tax credit.
17. Scrutinise General Ledger to identify cases of under-utilized assets in manufacturing.
18. Ensure that procure to pay business cycle and process in EBS is strictly followed and implemented.
19. Monitor and implement plant internal controls thereby ensuring integrity of reports, risk identification & mitigation and protection of company interests.
20. Facilitate completion of internal, statutory & cost audit and resolve issues.
21. Evaluate inter-company transactions within the group from a Related Party transactions’ (transfer pricing) perspective.
22. Prepare and suggest Transfer Pricing of products for sale between subsidiaries, inter-se.
23. Arrange Transfer Pricing documents from India for operating subsidiaries in compliance with their respective local laws.
Co-ordinate the reconciliation of inter-company accounts of subsidiaries, for transactions inter-se.

Desired Candidate Profile

Should have experience in manufacturing devices industries.
Should be proficient in Product Costing.

Role:Head/VP/GM-CFO/Financial Controller

Salary: 20,00,000 - 30,00,000 P.A.

Industry:Medical Devices & Equipment

Functional Area:Accounts, Finance, Tax, Company Secretary, Audit

Role Category:Senior Management

Employment Type:Full Time, Permanent


UG:Any Graduate


Doctorate:Doctorate Not Required

Company Profile

Transasia Bio-Medicals Ltd.

Transasia Bio-Medicals Ltd is India's largest In Vitro Diagnostics Company and offers solutions and products in Biochemistry, Hematology, Coagulation, ESR, Immunology, Urinalysis, Critical Care, Electrophoresis, Molecular Diagnostics, Diabetes Management and Microbiology. Transasia was incepted in the year 1979 and is headquartered in Mumbai. Transasia is a part of the global Erba Diagnostics Mannheim GmbH Group. The Erba Transasia Group has spread its footprint across USA, UK, Europe, Turkey and Eastern Europe, Russia and France, by means of various acquisitions - Erba Germany, Erba Czech Republic, Erba Russia, Erba Turkey, Erba France, Erba Diagnostics (USA), Erba Molecular (UK), Diamedix (USA), Delta Biologicals (Italy), ImmunoVision (USA), JAS Diagnostics Inc. (USA) and Drew Scientific (USA). Today, the Erba Transasia Group serves millions across 100 countries. Transasia manufactures and markets Equipment and Reagents, with an impressive installation base of above 50,000 equipments across India. Transasia's commitment to healthcare has been recognized by various awards and accolades, the latest one from the World Economic Forum which conferred the organization with 'Global Growth Company Award, 2014', 'Most Indigenous Medical Equipment Devices Company', 'Pioneer for the Make in India Concept' Award, by the Hon'ble Minister of Science & Technology & Earth Sciences, Government of India and recently was bestowed with the 'Maker in India' Award 2015. With a vision of being recognized as a 'local for global' organization, Transasia continues to provide doctors and patients with reliable, affordable and innovative Medical Diagnostic Systems.
Company Info
View Contact Details+

Recruiter Name:Mr. Hareshwar Darekar

Contact Company:Transasia Bio-Medicals Ltd.

Reference Id:FBP-Mfg